VALE S.A.Long
Strong Support and Firm Fundamentals
I believe, the moment has come to buy this large profitable business at a great price as a long-term investment. At $11.85-12 there is what looks like a very strong support, going back to February 2017.
Now, the P/E is around 3, with no particular debt problems and a hefty net margin of more than 30%. The upcoming decline in the price of iron ore is already priced in, according to my estimates.
Now, the P/E is around 3, with no particular debt problems and a hefty net margin of more than 30%. The upcoming decline in the price of iron ore is already priced in, according to my estimates.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.